So resilient in fact that the latest PropTrack Property Market Outlook Report is tipping Brisbane home prices will rise up to 4 per cent by the end of the year.
What’s caused this reversal in fortunes?
An ongoing low supply of properties for sale is one key factor, PropTrack’s Cameron Kusher told news.com.au.
“The rebound in property prices has occurred despite interest rates continuing to rise, reducing borrowing capacity,” Mr Kusher said.
“From here, the direction of the housing market is likely to be influenced by the volume of stock available for sale.”
So where are the sellers?
Buyers will be pleased to know that some suburbs are seeing an increase in listings. PropTrack has analysed where listings have increased over the past 3 months, including here in Aspley where we’ve seen a 20 per cent increase in listings.
This is a win-win for sellers and buyers. Buyers can enjoy more choice, while sellers are achieving solid prices.
Check out the suburbs where listings have been on the rise in the past three months.
- Spring Mountain 67%
- Logan Village 50%
- Milton 48%
- Ripley 42%
- Newport 36%
- Riverhills 35%
- Heathwood 33%
- Ferny Grove 24%
- Hendra 22%
- Aspley 20%
- Auchenflower 24%
- Newstead 18%
Want to check out new stock on market? View our current listings for sale.
Ready to tap into pent up demand? Book a valuation or talk to us about selling.